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Romania

7 August 2018

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Romania to Delay Planned Reduction in VAT Rate

The Romanian government is reportedly considering a delay in its plan to further reduce the country's standard VAT rate. The standard VAT rate was reduced from 24% to 20% with effect from 2016, and to 19% with effect from 2017. The government had planned a further reduction to 18% from 2019 but may need to delay the reduction to 2020 due to budget issues. A final decision is to be made towards the end of the year.

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